Sweden Inflation Rate

Last Release

May 31, 2025

Actual

0.2

Units In

0.3

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
15.5 Oct 1980	-1.6 Sep 2009	3.56 %	1980-2025	Statistics Sweden

In Sweden, the most important category in the consumer price index is Housing and Utilities (23 percent of total weight). Food and Non-Alcoholic Beverages accounts for 14 percent; Transport for 14 percent; Recreation and Culture for 12 percent; Restaurants and Hotels for 7 percent and Miscellaneous Goods and Services for 7 percent. Furniture, Household Goods and Maintenance; Clothing and Footwear; Alcoholic beverages and Tobacco; Health; Communication and Education account for the remaining 22.5 percent of total weight.

Latest Updates

Sweden’s annual inflation rate eased to 0.2% in May 2025, confirming initial estimates and down from 0.3% in April. This marks the lowest level since November 2020 and the tenth consecutive month that inflation has remained below the Riksbank’s 2% target. Main downward pressures came from ongoing deflation in housing and utilities (-3% vs. -3.7% in April), driven by lower interest costs for tenant-owned apartments and owner-occupied homes. Transport prices also continued to decline (-4.4% vs. -1.6%), mainly due to falling fuel costs. Price growth also slowed for food and non-alcoholic beverages (5.2% vs. 5.5%), recreation and culture (0.8% vs. 1.2%), and miscellaneous goods and services (4.1% vs. 4.3%). Meanwhile, CPIF (consumer price index with a fixed interest rate), the Riksbank’s preferred inflation measure, held steady at 2.3% in May for the third period. On a monthly basis, CPI rose 0.1%, matching April’s pace.